Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

10 year treasury yield falling, 4.02 and dropping!!! (^TNX) Something is very strange here, bonds are rallying like rmbs used to. This late in an economic expansion, interest rates should have risen and be higher.

Someone claimed a while ago that the yield curve was inverting. It hasn't yet but it is looking more likely by the day. If I remember correctly, an inverted yield curve can be a leading indicator by 6-12 months of a recession.